Removing the tariff noise from economic and earnings releases will take effort. While a recession signal is unlikely, there should be signs of further economic softening.

With the policy overhang, earnings guidance will be closely watched during the second busiest week. Markets are likely to be dominated by earnings and tariff news.

The factors behind the rise in yields during the stock decline early last week are examined. Stock returns following historic one-day gains provide insights.

The announced tariffs were massive, raising the specter of recession. The tariffs’ likely impact and stock behavior during past economic downturns are examined.